Nickel Prices in China, on LME Rise; Drop in India

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On Thursday, July 25, the day’s biggest mover was the cash price of primary Indian nickel, which saw a 1.3 percent decline.

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On the LME, the nickel spot price rose 1.0 percent to $14,115 per metric ton. On the LME, the nickel 3-month price increased 0.9 percent to $14,170 per metric ton.

The price of Chinese ferro-chrome held steady. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat.

The price of Chinese primary nickel inched up 0.6 percent. The prices of Chinese 304 and 316 stainless coil and scrap haven’t moved for a long time.

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